Rupee edges higher seen largely ranged during day

RUPEE-INDIA-DOLLAR:Rupee edges higher seen largely ranged during day

 Rupee edges higher to 55.04/05 versus its previous close of 55.1650/1750 tracking the greenback's losses versus most other Asian units amid some risk taking seen globally.

Asian shares rise, boosted by a positive tone in U.S. equities last week, while the yen falls to a near seven-month low against the dollar on expectations a new government after next month's election in Japan may deliver more stimulus.

Almost all Asian units stronger compared to the dollar.

Traders to await the domestic sharemarket open for cues on foreign fund flows. The pair is seen in a 55.00 to 55.20 range intially in the session.